Key Investment Highlights
Little Falls Industrial Portfolio is comprised of the fee-simple interest in 131 & 25 Riverside Industrial Parkway, two fully-leased industrial warehouse buildings totaling 163,447 SF (the "Portfolio" or "Properties"). The Properties are located in Little Falls, NY, approximately 75 miles northwest of Albany and 75 miles southeast of Syracuse. The well-performing assets are leased to two tenants: REDCO Foods (63,447 SF / 38.8% of NRA), occupies 131 Riverside and ARC Herkimer (100,000 SF / 61.2% of NRA) occupies 25 Riverside.
REDCO Foods (www.redcofoods.com) is a national manufacturer and distributor of tea and dessert products, and has been a tenant at 131 Riverside since 2013. The subject location is less than half a mile from REDCO’s U.S. headquarters. Recently, REDCO renewed their lease for a 10-year term with an expiration date of December 2022.
ARC Herkimer (www.archerkimer.org) is a social services organization that supports individuals with disabilities. The tenant signed a 5-year lease in October 2022. Both tenants reimburse expenses on a NNN basis.
131 & 25 Riverside Industrial Parkway are strategically positioned in a tremendous logistics network that boasts several means of transportation such as road, rail, and maritime. The offering provides an investor the unique opportunity to acquire two fully-leased properties located along a flourishing industrial corridor in a market dominated by manufacturers and distributors.
All investors who are interested in engaging Holliday Fenoglio Fowler, L.P. (“HFF”) and CW Capital Markets (“CW”) (collectively “HFF/CW”), a financial intermediary, to assist in arranging financing for the property should contact Brock Cannon at HFF, L.P. via email (firstname.lastname@example.org) or by phone at (212) 632-1808.
Throughout the marketing period HFF will provide investors with real time debt quotes from various capital sources. It is to the investor’s benefit to contact Brock Cannon early in the process in order to discuss all available terms, along with the advantages of engaging HFF/CW on the financing versus completing an all-cash acquisition.
Benefits of Engaging HFF/CW In Arranging Financing Include:
Note: Benefits referenced above will only be made available to investors who engage HFF/CW prior to the auction start date. It is recommended that investors contact HFF early in the process.
HFF’s Debt Placement Services
As a leading mortgage banker in the U.S., HFF’s extraordinary transaction volume provides the unparalleled capital markets knowledge necessary to develop the most creative financing strategies to meet and exceed client expectations. Our established relationships with insurance companies, investment banks, foreign and domestic banks, a Fannie Mae lender, Freddie Mac and pension funds have allowed us to provide our clients with the most competitive terms and most reliable executions in the debt and equity market.
Loan Types HFF Assists With Include:
HFF’s 2017 Commercial / Multifamily Annual Origination Rankings per the MBA:
Disclaimer: The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions.
Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace, (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property.
You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.
131 Riverside Industrial Parkway, Little Falls, NY 13365
Platform fee for this transaction is 5.00% or a minimum of $25,000.
Cooperating brokers may be eligible for a 0.50% co-op fee if their client is the winning bidder. If you are a broker, click here to login and identify your client.
Ralph Passono, Jr.
c/o Fisher Auction Company Inc.